Chicago Partners Investment Group LLC Decreases Position in Realty Income Corporation (O)
Chicago Partners Investment Group LLC decreased its stake in Realty Income Corporation (NYSE:O) by 30.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,267 shares of the real estate investment trust’s stock after selling 5,333 shares during the period. Chicago Partners Investment Group LLC’s holdings in Realty Income Corporation were worth $730,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in O. State Street Corp increased its stake in Realty Income Corporation by 2.4% in the fourth quarter. State Street Corp now owns 16,145,275 shares of the real estate investment trust’s stock worth $928,008,000 after buying an additional 383,491 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Realty Income Corporation by 226.0% in the first quarter. JPMorgan Chase & Co. now owns 5,299,990 shares of the real estate investment trust’s stock worth $315,509,000 after buying an additional 3,674,028 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Realty Income Corporation by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,426,290 shares of the real estate investment trust’s stock worth $196,938,000 after buying an additional 59,823 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Realty Income Corporation by 10.9% in the first quarter. Wells Fargo & Company MN now owns 2,417,621 shares of the real estate investment trust’s stock worth $143,920,000 after buying an additional 238,017 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Realty Income Corporation by 15.0% in the first quarter. Ameriprise Financial Inc. now owns 2,193,770 shares of the real estate investment trust’s stock worth $130,351,000 after buying an additional 286,741 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Shares of Realty Income Corporation (O) traded down 0.91% during mid-day trading on Friday, reaching $56.39. The company’s stock had a trading volume of 746,346 shares. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $72.29. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 49.12 and a beta of 0.36. The company’s 50-day moving average is $55.68 and its 200 day moving average is $58.16.
Realty Income Corporation (NYSE:O) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $298.03 million for the quarter, compared to the consensus estimate of $281.11 million. Realty Income Corporation had a net margin of 29.47% and a return on equity of 5.16%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. On average, equities analysts anticipate that Realty Income Corporation will post $1.23 EPS for the current year.
The firm also recently announced a jun 17 dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a dividend of $0.211 per share. This represents a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 23rd. Realty Income Corporation’s dividend payout ratio (DPR) is 221.93%.
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In other news, COO Sumit Roy sold 14,651 shares of Realty Income Corporation stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $60.02, for a total value of $879,353.02. Following the transaction, the chief operating officer now owns 85,815 shares of the company’s stock, valued at approximately $5,150,616.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Paul M. Meurer sold 16,500 shares of Realty Income Corporation stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the sale, the chief financial officer now owns 53,662 shares of the company’s stock, valued at $3,219,720. The disclosure for this sale can be found here. Insiders have sold a total of 77,241 shares of company stock worth $4,617,465 in the last three months. Insiders own 0.30% of the company’s stock.
About Realty Income Corporation
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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